- EO launches eBus division & dedicated software platform as
part of ambition to become the global leader in electric fleet
vehicle charging
- Keith Watson, former senior director at Alexander Dennis
Limited has been hired to lead the new electric bus team at EO
- EO’s eBus charge point & depot software helps operators
manage bus fleets reliably and profitably, supporting the
electrification of public transport and the drive to reach clean
air targets
EO Charging (“EO”), a leading provider of technology-enabled
turnkey solutions for electric vehicle (“EV”) fleets, today
announced the launch of a dedicated eBus division & software
platform to support the electrification of bus fleets and the drive
by local and national governments to reach clean air targets.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211021005358/en/
(Graphic: Business Wire)
Building on EO’s leading fleet management capabilities and
adding functionality specific to electric buses, EO’s eBus software
solution will integrate with any OCPP-compliant charge point, not
just EO’s own charging hardware. Managed by EO Cloud, EO’s leading
electric vehicle charging software, the new eBus solution easily
enables the integration of new buses as fleets grow, as well as the
integration of new charging hardware over time.
The software solution provides significant benefits for fleet
managers who want to configure new depots and install chargers;
fleet managers who are decarbonising their fleets and need to
understand how to operate an eBus fleet profitably and reliably;
and finance teams who need to understand the costs and factors such
as energy consumption and wastage.
EO’s eBus charge point and depot management software includes
features to enhance fleet manager experience around:
- Charge point status and performance: Charger
status and availability
- Vehicle tracking & data: View vehicle State of
Charge (% SOC) and live bus route information via telematics
- Depot view: Easily check depot, OCPP compliant charger
and bus statuses using the EO Cloud from anywhere in the world
- Remote diagnostics & resolution: Diagnose and
resolve charging faults remotely, reducing the need for on-site
interventions
- 24/7/365 support & maintenance: In-platform premium
service for charging infrastructure
- OCPP compliant: UK’s first Open Charge Point Protocol
(OCPP) compliant eBus software solution
Heavyweight hire to lead eBus division
EO has appointed Keith Watson, former senior director at
Alexander Dennis Limited, a leading independent global bus
manufacturer, to lead the new division.
“Moving to a zero-emission fleet is now the number one priority
for bus operators around the world. Government and local
authorities have set ambitious net-zero targets and there’s
mounting pressure from the general public on the need for cleaner
air in our cities. We know that a one-size-fits all approach to
electrification doesn’t work for bus operators and we’re building a
solution that can adapt to any customer,” said Keith Watson,
Head of eBus at EO Charging.
Decarbonising public transport is a vital part of the net zero
ambitions of local authorities. In September, for example, the
Mayor of London, Sadiq Khan, announced that all new Transport for
London (TfL) buses would be zero-emission and that he aimed to
completely decarbonise the fleet by 2034.
In February, UK Prime Minister Boris Johnson promised funding
support over five years to help bus operators in England move to
zero-emission buses. However, leading bus manufacturers and trade
unions jointly wrote to the Department for Transport and Treasury
in September to demand a clearer funding timetable and increased
urgency over the release of the funds.
“Launching our new eBus division is an important next step on
our mission to become the global leader in charging electric car,
van truck and bus fleets,” said Charlie Jardine, CEO of EO
Charging. “Governments, local authorities and industry are all
making a strong push to decarbonize, and our eBus division, along
with our software, is the perfect partner to all entities with the
ambition of eliminating emissions,” Mr. Jardine
continued.
From design to deployment, EO’s fleet solution includes the full
suite of what a business or government needs to electrify vehicle
fleets at scale and at pace. EO’s EV fleet charging services are
already used by some of the world’s leading corporations in the
U.K. and Europe including Amazon, DHL, Go-Ahead, Tesco, and
Uber.
EO Charging recently announced an agreement for a business
combination with First Reserve Sustainable Growth Corp. (NASDAQ:
FRSG, FRSGW), which is expected to result in EO Charging becoming a
public company listed on the NASDAQ exchange.
About EO
EO is a leading provider of technology-enabled turnkey solutions
for electric vehicle (“EV”) fleets. EO designs and manufactures EV
charging stations and hardware-agnostic cloud-based charge-point
management software for fleets at its headquarters in the UK. EO
also provides installation services and ongoing operations and
maintenance services across its fleet customer base.
Founded in 2014, EO’s technology is used by a number of the
world’s largest businesses and fleet operators, and it now
distributes to over 35 countries around the world. It aims to
become the global leader in charging electric van, truck, bus and
car fleets.
EO was ranked number 27 on the Financial Times’ FT1000 list of
Europe’s fastest-growing companies. EO previously announced an
agreement for a business combination with First Reserve Sustainable
Growth Corp. (NASDAQ: FRSG), which is expected to result in EO
becoming a public company listed on the NASDAQ exchange.
To learn more, please visit www.EOcharging.com and follow us
@EOCharging on Twitter and LinkedIn.
Forward Looking Statements
The information in this press release includes "forward-looking
statements". All statements, other than statements of present or
historical fact included in this press release, regarding the
proposed business combination between First Reserve Sustainable
Growth Corp. (“FRSG”), Juuce Limited (the “Company”) and EO
Charging (“EO”), each of such parties’ ability to consummate the
transaction, the benefits of the transaction and the combined
company's future financial performance, as well as the combined
company's strategy, future operations, estimated financial
position, estimated revenues and losses, projected costs,
prospects, plans and objectives of management are forward-looking
statements. When used in this press release, the words "could,"
"should," "will," "may," "believe," "anticipate," "intend,"
"estimate," "expect," "project," the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. These forward-looking statements are based
on management's current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. Except as otherwise required
by applicable law, FRSG, the Company and EO disclaim any duty to
update any forward-looking statements, all of which are expressly
qualified by the statements in this section, to reflect events or
circumstances after the date of this press release. FRSG, the
Company and EO caution you that these forward-looking statements
are subject to numerous risks and uncertainties, most of which are
difficult to predict and many of which are beyond the control of
any of FRSG, the Company or EO. In addition, FRSG, the Company and
EO caution you that the forward-looking statements contained in
this press release are subject to the following factors: (i) the
occurrence of any event, change or other circumstances that could
delay the business combination or give rise to the termination of
the Business Combination Agreement and Plan of Reorganization,
dated as of August 12, 2021, by and among FRSG, FRSG Merger Sub
Inc., EO and the Company, and the other agreements related to the
business combination (including catastrophic events, acts of
terrorism, the outbreak of war, COVID-19 and other public health
events), as well as management’s response to any of the foregoing;
(ii) the outcome of any legal proceedings that may be instituted
against FRSG, the Company, EO, their affiliates or their respective
directors and officers following announcement of the transactions;
(iii) the inability to complete the business combination due to the
failure to obtain approval of the stockholders of FRSG, regulatory
approvals, or other conditions to closing in the transaction
agreement; (iv) the risk that the proposed business combination
disrupts FRSG's or the Company's current plans and operations as a
result of the announcement of the transactions; (v) the Company's
and EO’s ability to realize the anticipated benefits of the
business combination, which may be affected by, among other things,
competition, the pace and depth of EV adoption generally, and the
ability of the Company to accurately estimate supply and demand for
its EV charging products and services, and to grow and manage
growth profitably following the business combination; (vi) risks
relating to the uncertainty of the projected financial information
with respect to the Company, including the conversion of pre-orders
into binding orders; (vii) costs related to the business
combination; (viii) changes in applicable laws or regulations,
governmental incentives and fuel and energy prices; (ix) the
possibility that the Company may be adversely affected by other
economic, business, and/or competitive factors; (x) the amount of
redemption requests by FRSG’s public stockholders; and (xi) such
other factors affecting FRSG that are detailed from time to time in
FRSG’s filings with the Securities and Exchange Commission (the
"SEC"). Should one or more of the risks or uncertainties described
in this press release, or should underlying assumptions prove
incorrect, actual results and plans could differ materially from
those expressed in any forward-looking statements. Additional
information concerning these and other factors that may impact the
operations and projections discussed herein can be found in FRSG's
final prospectus for its initial public offering, which was filed
with the SEC on March 5, 2021, and its periodic filings with the
SEC, including its Quarterly Report on Form 10-Q for quarterly
period ended June 30, 2021. FRSG's SEC filings are available
publicly on the SEC's website at www.sec.gov.
Important Information for Investors and Stockholders
In connection with the proposed business combination, a
registration statement on Form F-4 that includes a preliminary
proxy statement/prospectus has been filed by EO with the SEC. After
the registration statement is declared effective, the definitive
proxy statement will be distributed to FRSG’s stockholders in
connection with FRSG’s solicitation for proxies for the vote by
FRSG’s stockholders in connection with the proposed business
combination and other matters as described in the Form F-4, as well
as a definitive prospectus of EO relating to the offer of the
securities to be issued in connection with the completion of the
business combination. Copies of the Form F-4 may be obtained free
of charge at the SEC's website at www.sec.gov. FRSG’s stockholders
are urged to read the preliminary proxy statement/prospectus and
the other relevant materials (including, when available, the
definitive proxy statement/prospectus) when they become available
before making any voting decision with respect to the proposed
business combination because they will contain important
information about the business combination and the parties to the
business combination. The information contained on, or that may be
accessed through, the websites referenced in this press release is
not incorporated by reference into, and is not a part of, this
press release.
No Offer or Solicitation
This communication is not a proxy statement or solicitation of a
proxy, consent, or authorization with respect to any securities or
in respect of the proposed business combination and shall not
constitute an offer to sell or a solicitation of an offer to buy
the securities of FRSG, EO or Juuce, nor shall there be any sale of
any such securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or jurisdiction. No offer of securities shall be made except
by means of a prospectus meeting the requirements of Section 10 of
the Securities Act, as amended, or exemptions therefrom.
Participants in the Solicitation
FRSG, the Company and EO and their respective directors and
officers may be deemed participants in the solicitation of proxies
of FRSG's stockholders in connection with the proposed business
combination. Security holders may obtain more detailed information
regarding the names, affiliations and interests of certain of
FRSG's executive officers and directors in the solicitation by
reading FRSG's final prospectus for its initial public offering,
which was filed with the SEC on March 5, 2021, and the proxy
statement/prospectus and other relevant materials filed with the
SEC in connection with the business combination when they become
available. Information concerning the interests of FRSG's, the
Company’s and EO’s participants in the solicitation, which may, in
some cases, be different than those of their stockholders
generally, will be set forth in the proxy statement/prospectus
relating to the business combination when it becomes available.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211021005358/en/
EO Contacts For Investors: ICR, Inc. eoIR@icrinc.com For Media:
ICR, Inc. eoPR@icrinc.com
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